The Real World
Table of Contents:Task 13Task 2....5Task 36Task 4..12Task
Final....13
Emma Zhang(408) 329-20861600 Blacow Rd. Fremont, CA
[email protected]
Career Objective:
Has experience working in top firms in New Yorks financial
district. Served as President Obamas secretary of treasury and as a
Union general during the Civil War. Looking to work as a financial
manager in a Venture Capital or Investment firm in San
Francisco.
Summary of Qualifications:
14
Detail Oriented Consumer Service and Relations Training and
Delegating Cost Efficiency and Streamlining
Professional Experience:
University of California San FranciscoLaboratory Intern Cell
Culture Dissected Protein Pathway to understand protein structure
and assembly Researching cures to autoimmune diseases such as
Huntingtons diseasesJohns Hopkins Medical CenterBrain Surgeon
Performed and practiced surgeries on several patients with brain
tumors Some had tumors in multiple locationsGoldman SachsEconomic
Analyst Supervised analysis of economics Specialized in
international relations Created models to predict best
investmentsUnited States Department of TreasurySecretary of
Treasury Appointed by President Obama Confirmed by Senate
Overlooked United States Treasury Department
Education:
New York University 2014-2018Neuroscience B.S.Finance B.S.
GPA: 4.0 Summa cum laud
Harvard University 2018-2019Brain Surgeon M.D.Oxford University
2018-2019Neuroscience PhD
Net Income: $88,623Disposable Income: $88,623Discretionary
Income: $34,899#2 What three factors would be most important to you
when searching for an apartment? Explain your reasoning.
Location Price Space
To me, the most important factors when choosing an apartment are
location, space and pricing. Like an average consumer, I will not
pay for an apartment is not conveniently suited for my occupation
and lifestyle. The value of the square foot to dollar ratio must be
market value.
Utilities: Paid ForPercentage of Gross Income: 36.6%
Living AloneLiving with Roommate
Costs$40,308 a year$20,154 a year
Benefits/Cons More space Less affordable Less space Potentially
annoying roommate A lot cheaper
Price: $8,999Key Details 116,018 Miles Gray Hybrid Engine Hybrid
Gas/Electric Continuously Variable Automatic Transmission 2 wheel
drive - front Four Door Sedan Stock No: 4077A VIN:
JHMFA36287S012685Installed Options 6 Speakers ABS brakes AM/FM
radio AM/FM/XM Ready/CD Audio System Air Conditioning Alloy wheels
Anti-whiplash front head restraints Automatic temperature control
Bodyside moldings Brake assist Bumpers: body-color CD player Cloth
Seat Trim Driver door bin Driver vanity mirror Dual front impact
airbags Dual front side impact airbags Four wheel independent
suspension Front Bucket Seats Front Center Armrest Front anti-roll
bar Front reading lights Illuminated entry MP3 decoder Occupant
sensing airbag Outside temperature display Overhead airbag Panic
alarm Passenger door bin Passenger vanity mirror Power door mirrors
Power steering Power windows Rear anti-roll bar Rear window
defroster Remote keyless entry Security system Speed control
Speed-sensing steering Spoiler Steering wheel mounted audio
controls Tachometer Telescoping steering wheel Tilt steering wheel
Turn signal indicator mirrors Variably intermittent wipers
Voltmeter
Civic Hybrid, 1.3L I4 SOHC, and CVT. No-sweat switchgear.
Controls are really dialed in!
Seller's CommentsIf you've been on a treasure hunt for just the
right car, well congratulations! X marks the spot with this great
deal on a fantastic 2007 Honda Civic. J.D. Power and Associates
gave the 2007 Civic 4.5 out of 5 Power Circles for Overall Initial
Quality Mechanical. New Car Test Drive called it "...the car that
for years set the quality and performance standard for the
affordable, compact car market has returned, and now with the style
to match the specifications..." With its fuel-efficient Hybrid
powerplant, you can save your hard-earned cash for the fun stuff in
life instead of flushing it down your gas tank every week. It is
nicely equipped with features such as Civic Hybrid, 1.3L I4 SOHC,
CVT, 6 Speakers, ABS brakes, Air Conditioning, Alloy wheels, AM/FM
radio, AM/FM/XM Ready/CD Audio System, Anti-whiplash front head
restraints, Automatic temperature control, Bodyside moldings, Brake
assist, Bumpers: body-color, CD player, Cloth Seat Trim, Driver
door bin, Driver vanity mirror, Dual front impact airbags, Dual
front side impact airbags, Four wheel independent suspension, Front
anti-roll bar, Front Bucket Seats, Front Center Armrest, Front
reading lights, Illuminated entry, MP3 decoder, Occupant sensing
airbag, Outside temperature display, Overhead airbag, Panic alarm,
Passengerread moreDisclaimerBuyers are responsible for all state,
county, city taxes, and title/registration and all fees and
charges. Vehicles subject to prior sale. Prices subject to change
without notice. Dealer not responsible for errors and
omissions.
Insurance Quote:
Seller's CommentsModel Details from KBBSpecsKBB Expert
ReviewConsumer Reviews
Key Details 169,023 Miles Hybrid Engine Hybrid Gas/Electric
Continuously Variable Automatic Transmission 2 wheel drive - front
Four Door Sedan Stock No: CC8414 VIN: 1N4CL21E47C215888Installed
Options 4-Wheel Disc Brakes ABS AM/FM Stereo Adjustable Steering
Wheel Aluminum Wheels Brake Assist Bucket Seats CD Player Child
Safety Locks Climate Control Cloth Seats Cruise Control Driver Air
Bag Driver Vanity Mirror Emergency Trunk Release Engine Immobilizer
Front Head Air Bag Front Reading Lamps Front Side Air Bag Front
Wheel Drive Intermittent Wipers Keyless Entry Keyless Start
Multi-Zone A/C Pass-Through Rear Seat Passenger Air Bag Passenger
Vanity Mirror Power Door Locks Power Mirror(s) Power Outlet Power
Steering Power Windows Rear Bench Seat Rear Defrost Remote Trunk
Release Stability Control Tires - Front All-Season Tires - Rear
All-Season Traction Control Variable Speed Intermittent Wipers
$$ Priced Below the Market $$ KEYLESS START, AND MULTI-ZONE AIR
CONDITIONING. 33 MPG! NHTSA 5 Star Crash Rating! This Nissan Altima
4dr Sdn I4 eCVT 2.5 Hybrid has a great looking exterior! Call us
today at 1-877-563-4170 to schedule a hassle-free test drive! Ask
about the Toyota Marin exclusive 10 Point Value Guarantee, which
includes a 3-day/250 mile money-back guarantee and 7-day/700-mile
exchange policyDisclaimerPrice excludes government fees and taxes,
any finance charges, any dealer document preparation charge, and
any emission testing charge.
Insurance Quote:
2007 Nissan Altima2007 Honda Civic
Pros Approximately $8000 Insurance approximately $30 a month
Hybrid Approximately $9000 Insurance approximately $37 a month
Hybrid
Cons A Nissan 100,000+ miles 100,000+ miles
With the price and the mileage as not much of a factor, I
decided to go with the Honda Civic. Just because I have experience
with a Honda Accord and it was an enjoyable experience. My parents
used to have a Nissan, and they told me it wasnt the greatest.
Monthly ExpenseAmount ($)Current Due DateDo I need to Change Due
Date?
Rent3359Last Saturday of MonthNo
Transportation:
Automobile PaymentParents (n/a)--
Gas160--
Bus0--
Taxi0
Parking18--
Utilities:
Gas---
Water---
Electric---
Home PhoneUsing cell phone only--
Cell Phone405th of every monthNo
Cable---
Internet605th of every monthNo
Mis. Household Items:(food, health & beauty, household
supplies)100--
Clothing30--
Dry cleaning10--
Childcare0--
Medical/Dental Bills4605th of every monthNo
Credit Cards2005th of every monthNo
Student Loan0--
Other Loan0--
Entertainment (ie. Movies, bowling, concerts)40--
Savings29085th of every month No
Other:0--
Total Monthly Expenses:4477--
Total Monthly Income:73855th of every monthNo
Amount Under/Over2908--
I found the costs of everything on the internet.
The Real World that every adult has spoken about finally
approaches as my peers and I finally prepare to exit high school
and eventually exit four-year universities. But what even is the
Real World in genuine context? Perhaps it is the interactions that
we will come to make, the inability to rely on others, or even the
power of free will that we find thrust upon ourselves as we leave
our families behind. However, upon analysis, it becomes evident
that every possible definition of Real World links back to the
concept of economics as the study of simple monetary related
decisions. The income we will make, the loans we will have to pay,
the taxes we find deducted from our paychecks and the leisurely
spending we indulge in all must be accounted for. Opportunity costs
must be considered because our time and our resources are all have
limitations. The Real World is economics. Scarcity is the
underlying factor behind all decisions that one will eventually
come to make and is the concept that all resources are limited. It
is the fundamental economic problem that humans have in expecting
unlimited natural and manufactured resources and forces us in the
direction of practicality when we make decisions. When coming to
reality, we find that everything is scarceno resources are
unlimited, which requires us to optimize our decisions, most
importantly, the timely and monetary ones. The entire Real World
Economics project revolved around the concept of scarcity and
forcing me to evaluate the resources that I had and what I was
capable of doing with those resources. Whether it was how much I
could spend a month, which cars I could afford, or the number of
affordable apartments for rent in my area, everything still
followed the concept of scarcity. I was forced to calculate the tax
deductions on my paycheck before deciding if I wanted to spend more
money on clothing and entertainment or on food. The things I wanted
to buy were scarce. My supply of money was scarce. Scarcity forced
me to make decisions between things that my parents would normally
pay for.Opportunity costs, the best alternative that we give up
when a decision is made, factor into the decisions we must make
economically in the real world as well. Opportunity costs are known
as the true prices of our decisions. They influenced every one of
my decisions, but more specifically the decisions that required the
pro/con chart between two options. Although having an entire
apartment to myself would be nicer and more peaceful, the benefits
of splitting the costs of an apartment with one other person
outweighed the costs, and thus I would have chosen to have a
roommate living with me. The opportunity cost here was living in
the apartment alone. The same concept applied to the cars, and the
opportunity cost was me giving up the Nissan to purchase the Honda.
Opportunity costs force us to consider the pros and cons of every
decision and help guide our decisions towards practicality.
Scarcity and Opportunity costs are the underlying forces that shape
every decision we make. They force us to make better decisions for
ourselves and to optimize the resources that we have. Like every
child born in the world, we all must eventually leave home some day
and learn how to make monetary decisions on our own. Through
application of the concepts of scarcity and opportunity costs, we
find clarity and maturity, and we attain true independence. Through
scarcity and opportunity costs, I was able to make informed
decisions and better understand the true meaning of the real world.
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